#USConsumerConfidence

$BNB

What’s interesting about BNB is that in addition to being used to pay fees on the Binance platform with discounts, it also has a quarterly burn mechanism called “BNB Auto-Burn”.

This process permanently reduces the total supply of BNB, which can increase its value over time. The burn is based on an automated formula that takes into account factors such as the BNB price and the number of blocks generated on the BNB chain, providing greater transparency and better predictability for the community.

To date, Binance has burned millions of BNB, bringing it closer to its ultimate goal of reducing the total supply to 100 million BNB.